Closing Costs for Home Real Estate Transactions

Certain standard costs are related to closing the sale of a home. Sellers and buyers almost always share these closing costs, as the sales contract specifies.

As indicated below, many of the buyer's costs are related to the costs of originating the mortgage loan. At Sky Apply Mortgage, Inc, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive report on mortgage-related costs in your "Loan Estimate".

Loan Estimates (LEs)

Soon after you submit your application, we'll give you a "Loan Estimate" of your costs. The closing costs spelled out in the LE are estimated based on Sky Apply Mortgage, Inc's experience with mortgage loans, but costs usually vary a little bit between delivery of the Loan Estimate (LE) and closing. We review LEs with buyers almost every day, so we'd be glad to answer the you have about closing costs.

We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you have completed your application. At Sky Apply Mortgage, Inc, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Credit Report
  • Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)

Sky Apply Mortgage, Inc can help you understand closing costs. Give us a call: (813) 200-7931.

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